Analyst IMS Investment Management Services Ltd. Acquires 150,000 Shares of Fiverr International $FVRR

Analyst IMS Investment Management Services Ltd. grew its stake in Fiverr International (NYSE:FVRR) by 32.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 618,729 shares of the company’s stock after purchasing an additional 150,000 shares during the period. Fiverr International makes up approximately 0.5% of Analyst IMS Investment Management Services Ltd.’s holdings, making the stock its 25th largest holding. Analyst IMS Investment Management Services Ltd. owned approximately 1.73% of Fiverr International worth $15,104,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of FVRR. ARK Investment Management LLC boosted its position in Fiverr International by 20.2% in the second quarter. ARK Investment Management LLC now owns 66,906 shares of the company’s stock valued at $1,962,000 after buying an additional 11,224 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in Fiverr International by 188.8% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 804,734 shares of the company’s stock worth $23,603,000 after acquiring an additional 526,060 shares during the last quarter. Acadian Asset Management LLC raised its position in Fiverr International by 18.9% in the 2nd quarter. Acadian Asset Management LLC now owns 1,380,046 shares of the company’s stock valued at $40,450,000 after purchasing an additional 219,743 shares during the last quarter. Accurate Wealth Management LLC boosted its stake in Fiverr International by 9.8% in the second quarter. Accurate Wealth Management LLC now owns 128,576 shares of the company’s stock worth $3,540,000 after purchasing an additional 11,463 shares in the last quarter. Finally, Jump Financial LLC grew its holdings in shares of Fiverr International by 63.0% during the second quarter. Jump Financial LLC now owns 170,917 shares of the company’s stock worth $5,013,000 after purchasing an additional 66,078 shares during the last quarter. Institutional investors and hedge funds own 59.00% of the company’s stock.

Wall Street Analyst Weigh In

FVRR has been the topic of a number of research reports. Weiss Ratings initiated coverage on shares of Fiverr International in a research report on Saturday, November 1st. They set a “sell (d+)” rating on the stock. BTIG Research raised Fiverr International from a “neutral” rating to a “buy” rating and set a $31.00 price target on the stock in a research note on Friday, September 19th. Needham & Company LLC reiterated a “buy” rating and issued a $32.00 price objective on shares of Fiverr International in a research report on Tuesday, September 16th. Oppenheimer dropped their price target on shares of Fiverr International from $35.00 to $30.00 and set an “outperform” rating for the company in a research note on Tuesday, September 16th. Finally, Zacks Research upgraded shares of Fiverr International from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 22nd. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $32.60.

Fiverr International Price Performance

Shares of FVRR opened at $19.69 on Tuesday. The stock has a 50 day simple moving average of $21.14 and a 200 day simple moving average of $23.61. Fiverr International has a 52-week low of $19.35 and a 52-week high of $35.45. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.33 and a current ratio of 1.33. The firm has a market capitalization of $705.83 million, a PE ratio of 33.38 and a beta of 1.28.

Fiverr International (NYSE:FVRR) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.07. Fiverr International had a net margin of 5.23% and a return on equity of 13.53%. The firm had revenue of $107.90 million for the quarter, compared to analyst estimates of $107.88 million. During the same quarter in the previous year, the firm posted $0.64 earnings per share. The business’s revenue was up 8.3% on a year-over-year basis. Sell-side analysts predict that Fiverr International will post 1.04 EPS for the current fiscal year.

Fiverr International Company Profile

Fiverr International Ltd. operates an online marketplace that connects businesses and individuals with freelance talent across a wide range of professional services. Through its platform, Fiverr enables clients to procure work such as graphic design, digital marketing, writing and translation, video and animation, programming and tech, and business services. By offering a streamlined interface for ordering and delivering gig-based work, the company seeks to simplify the procurement of specialized skills on a project-by-project basis.

Founded in 2010 and headquartered in Tel Aviv, Israel, Fiverr serves clients and freelancers around the globe, with a particularly strong presence in North America and Europe.